Examples of Net Smelter Returns in a sentence
All amounts payable on account of the Net Smelter Returns Royalty shall be paid free and clear of all taxes, deduction, withholdings, set-off or counterclaims whatsoever (except income taxes of the Holders or taxes on capital gains of the Holders) save only as may be required by law.
The Grantor shall keep accurate records of tonnage, volume of Products, analyses of Products, weight, moisture, assays of payable metal content and other records, as appropriate, related to the computation of Net Smelter Returns hereunder.
At any time following the exercise by Edgemont of the option under the Option Agreement and until the commencement of commercial production from Property, the Grantor shall have the right to acquire up to an aggregate 1.0% Net Smelter Returns Royalty (the “Buy-Back Royalty”) from the Holders upon the payment of $1,000,000 in cash.
To compute the Net Smelter Returns Royalty, the Grantor shall multiply the Net Smelter Returns by the Royalty Percentage in each case for the immediately preceding calendar quarter.
The Net Smelter Returns Royalty shall continue in perpetuity, it being the intent of the Parties that the Net Smelter Return Royalty shall be a real property interest that runs with the Property and shall burden all interests (whether now owned or hereafter acquired) of the Grantor and its successors and assigns in, to or respecting the Property.